Ieq Capital LLC Boosts Holdings in DoorDash, Inc. (NASDAQ:DASH)

Ieq Capital LLC increased its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 6.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,418 shares of the company’s stock after acquiring an additional 9,748 shares during the quarter. Ieq Capital LLC’s holdings in DoorDash were worth $17,668,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of DoorDash by 8.4% during the fourth quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company’s stock worth $2,897,823,000 after purchasing an additional 2,259,976 shares in the last quarter. Baillie Gifford & Co. grew its stake in DoorDash by 0.8% during the 2nd quarter. Baillie Gifford & Co. now owns 12,497,488 shares of the company’s stock worth $1,359,477,000 after buying an additional 94,241 shares during the last quarter. Capital World Investors increased its position in DoorDash by 0.8% during the first quarter. Capital World Investors now owns 9,470,247 shares of the company’s stock worth $1,304,242,000 after buying an additional 74,504 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in DoorDash by 4.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,469,647 shares of the company’s stock valued at $753,281,000 after buying an additional 242,956 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of DoorDash by 11,416.7% in the first quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock valued at $475,837,000 after acquiring an additional 3,425,115 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other DoorDash news, Director Andy Fang sold 50,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the transaction, the director now owns 18,089 shares of the company’s stock, valued at approximately $2,355,187.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Tony Xu sold 54,166 shares of DoorDash stock in a transaction on Monday, July 15th. The stock was sold at an average price of $104.96, for a total value of $5,685,263.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $130.20, for a total value of $6,510,000.00. Following the completion of the transaction, the director now directly owns 18,089 shares in the company, valued at $2,355,187.80. The disclosure for this sale can be found here. In the last three months, insiders sold 304,769 shares of company stock valued at $34,760,113. Company insiders own 7.92% of the company’s stock.

DoorDash Trading Up 3.6 %

Shares of DASH opened at $137.29 on Friday. DoorDash, Inc. has a 12-month low of $69.90 and a 12-month high of $143.34. The stock has a market cap of $56.14 billion, a P/E ratio of -127.12, a PEG ratio of 275.59 and a beta of 1.69. The company has a 50-day moving average of $120.04 and a two-hundred day moving average of $121.42.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.29). The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. DoorDash had a negative return on equity of 5.91% and a negative net margin of 4.24%. DoorDash’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.44) earnings per share. As a group, analysts forecast that DoorDash, Inc. will post 0.01 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DASH shares. Wells Fargo & Company lifted their target price on shares of DoorDash from $125.00 to $127.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. DA Davidson upped their target price on shares of DoorDash from $110.00 to $119.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Barclays increased their target price on shares of DoorDash from $113.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Benchmark restated a “buy” rating and issued a $150.00 price target on shares of DoorDash in a research report on Tuesday, July 30th. Finally, Wedbush reaffirmed a “neutral” rating and set a $115.00 price objective on shares of DoorDash in a research report on Friday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $143.00.

DoorDash Profile

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.